Kayne Energy Private Equity, an energy private equity platform of Kayne Anderson Capital Advisors, and 89 Energy III, a private exploration and production company, agreed to form Land Run Minerals V, a private energy company. Financial terms were not disclosed. “We are excited to add this mineral and royalty package to the Kayne Energy PE portfolio. This transaction represents a continuation of our successful relationship with the 89 Energy team and reflects our confidence in the team’s ability to identify and create value for our investors. This acquisition will serve as a cornerstone for future deals given the considerable amount of cash flow generated from the properties and inventory of high-quality development prospects," Ryan Sauer, Kayne Energy PE Managing Director.